Graphite India Limited Receives Order Regarding Input Credit Availment
Graphite India Limited has received an order from the Additional Commissioner (Appeals), State Tax, LTU concerning a matter related to the excess availment of input credit under the CGST/WBGST Act, 2017.The company received the relevant order on July 20, 2026, pertaining to the assessment conducted under Section 73 of the CGST/WBGST Act, 2017. The order detailed the issues related to Input Tax Credit (ITC).
As per the details of the order, which was issued on July 20, 2026, the financial demands include:
| Particulars | Financial Implication |
|---|---|
| Tax (IGST+CGST+SGST) | Rs. 35,98,869 |
| Interest (IGST+CGST+SGST) | Rs. 35,52,232 |
| Penalty (IGST+CGST+SGST) | Rs. 3,59,886 |
Graphite India Limited stated that it is reviewing the order and plans to appeal with the appropriate authority. The company maintains that it availed only eligible ITC based on valid documents in its possession. Furthermore, Graphite India reported that there is no material impact of this demand on the Company's financials, based on the prevailing law and judgment of various courts.
GRAPHITE Stock Price Movement
Today, Graphite India Limited shares edged higher to close at ₹657.9, climbing 4.92% in post-market trading. The equity saw robust investor interest, with the total traded volume reaching approximately 6.4 million shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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